Two additional offshore wells set for Tui by AWE

AWE Ltd. (ASX:AWE) says the PMP 38158 (Tui) Joint Venture plans to drill two additional wells in the second half of this year.

PMP 38158 offshore New Zealand
PMP 38158 offshore New Zealand

Offshore staff

SYDNEY, Australia –AWE Ltd. (ASX:AWE) says the PMP 38158 (Tui) Joint Venture plans to drill two additional wells in the second half of this year. Operator AWE has secured the Kan Tan 4semisubmersible drilling rig operated by Frigstad Offshore, to drill both wells.

The Pateke-4H will be an infill well targeting a northern extension of Pateke field. It is planned for a measured TD of 6,900 m with a 2,500 m horizontal section.

The Oi exploration well targets a four-way dip closure created by a compaction drape over an underlying basement high, similar to structures atTui, Amokura, and Pateke fields where it produces from F10 sandstones. Oi will be 13 km northeast of the Tui FPSO

Partners in PMP 38158 are AWE, 42.5 %; Mitsui E&P Australia Pty Ltd., 35%; New Zealand Oil & Gas, 12.5%; and Pan Pacific Petroleum, 10%.

1/29/2013

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